Midwest City Down Payment Assistance

By
Real Estate Agent with (Metro First Realty)

Midwest City Downpayment Assistance


Midwest City Down Payment Assistance 2011 is currently available for up to $5,000 towards down payment, closing costs and principle reduction for any eligible home buyer in the Midwest area.


Eligibility for the Midwest City Down Payment Assistance 2011 are:

  • Buyer must be a first time home buyer
  • Property must be in Midwest City
  • Buyer must be income eligible
  • Buyer must attend a Homebuyer Education Course
  • Applicant must provide a minimum of 1.5% of the sales contract or $500 of their own money towards closing costs, down payment and may include earnest money.

The Midwest City Down Payment Assistance 2011 is funded with $75,000 and will end when funds are expended or June 30, 2012, whichever comes first. The City of Midwest City is offering this assistance to promote home ownership opportunities for low-income residents and to provide a tool to assist in neighborhood revitalization. Midwest City Down Payment Assistance is also available for individuals who may be considered a displaced homemaker or single parent. A "displaced homemaker" qualifies as an individual who has not worked full-time in the labor force for a number of years, and is unemployed or underemployed. A "single parent" is an individual who is unmarried or legally separated from a spouse and has one or more minor children in their custody or joint custody.

If you have been looking to purchase a home in the Midwest City area and would like more detailed information on down payment assistance and qualifying requirements and homes, please call me at 405-210-6292 or contact me at: valerieduncanokc@gmail.com. If you would like to search for homes, click here.

 

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Topic:
Home Buying
Location:
Oklahoma Oklahoma County Midwest City
Groups:
Oklahoma Networking
Oklahoma Real Estate
Everything OKLAHOMA
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Tags:
midwest city down payment assistance
down payment assistance to purchase home in ok
assistance to buy a home mwc
5k to buy mwc home

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Rainmaker
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J. Philip Faranda
J. Philip Faranda (J. Philip R.E. LLC) Westchester County NY - Briarcliff Manor, NY
Broker-Owner

Good stuff. I have always been of the opinion that in markets where owning can be cheaper than renting that programs like this that can get a cash poor buyer over the hump are well worth it. 

Oct 05, 2011 10:00 AM #1
Rainer
43,335
Valerie Duncan Stewart
(Metro First Realty) - Oklahoma City, OK
Real Estate Agent-Broker, OKC, OK

Hi J. Phil!

It is a big deal here in the metro for low income buyers to be afforded the opportunity to become home owners. Offering Home Buyers classes adds a second level of assurance for buyers who thought they could never attain the dream of owning a home.

Have a great day!

 

Oct 06, 2011 03:24 AM #2
Ambassador
2,305,304
1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Valerie, A great information post from a fellow Oklahoma blogger.  So glad that Midwest City is providing this down payment assistance to help promote home ownership in Midwest City.  Great job on the city;s part and on yours too.

Oct 06, 2011 02:53 PM #3
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Rainer
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Valerie Duncan Stewart

Real Estate Agent-Broker, OKC, OK
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